Free Webinar by the IRS office of Federal, State and Local Governments

Free Webinar by the IRS Office of Federal, State and Local Governments

Source: Internal Revenue Service FSLG Newsletter

The Internal Revenue Service will hold a Webinar addressing the reporting requirements and taxation of certain employee benefits on February 6, 2014 at 2 p.m. Eastern Time.

The topics to be covered include:

■ Reporting requirements for accountable plans vs. non-accountable plans

■ Whether allowances are taxable fringe benefits*

■ Reporting requirements for group term life insurance

■ “Day meals” – what are they and if they are taxable

■ When stipends, bonuses, and gift cards are taxable fringe benefits

To register for this Webinar: Click here. You will use the same link to attend the event.

* For example, the City of Schenectady reports that it is currently being audited by the Internal Revenue Service. City Finance Commissioner Deborah DeGenova indicated that among the items being questioned is the City’s annual $125 boot allowance for new workboots provided to certain workers and its “W-9 System” used for reporting payments made to independent contractors to the IRS.
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